Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
The All Progressives Congress (APC), Ebonyi chapter, says it will support the re-election of President Muhammadu Buhari in 2019. “The Ebonyi chapter of APC would throw its full weight behind the President should he declare interest to run again,’’ Acting Chairman of the party, Chief Eze Nwachukwu, said on Thursday. Nwachukwu told the News Agency of Nigeria (NAN) in Abakaliki that the party took the decision after close assessment of the achievements of the present administration especially in, job creation, economic revitalisation, agricultural revolution and war against corruption. According to him, it is natural for the party to back Buhari, so as to consolidate on the gains so far achieved. The chairman said the national leadership of the APC should prevail on the President to go for second term. “We have assessed the achievements of the present administration and have come to an undeniable truth that Mr President has done so much in areas of physical infras